Grapefruit USA, Inc

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Grapefruit USA, Inc. engages in the manufacture and distribution of cannabis products. The company is headquartered in Los Angeles, California and currently employs 9 full-time employees. The company went IPO on 2016-06-21. The firm manufactures its product line and distributes it, along with other cannabis products, to licensed cannabis product businesses. The company has three product offerings: Hourglass CBD Delivery Cream, Grapefruit’s CBD Tincture, and Grapefruit’s Pet CBD Tincture. The company has two segments: Retail and Wholesale. The Retail segment includes the sale of Summit Boys branded products, Tetrahydrocannabinol (THC) Honey Oil tinctures, and CBD-Infused Hourglass Topical Cream products through online and third-party sales channels. The Wholesale segment sells THC-Infused Hourglass Topical Cream, Rick Simpson Oil (RSO) Syringes, Vape Cartridges, and Flower Products. The firm has invested in one subsidiary, Summit Boys, Inc., a cannabis extraction brand with product lines in retail stores throughout California. Summit Boys extracts include sugar, crumble, badder, live resin, diamonds, budder, sauce, caviar, and other extracted cannabis products.